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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">FYI – just received this announcement!<span style="color:#1F497D"><o:p></o:p></span></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Business Oregon <<a href="mailto:business.oregon@oregon4biz.com">business.oregon@oregon4biz.com</a>>
<br>
<b>Sent:</b> Thursday, April 15, 2021 3:18 PM<br>
<b>To:</b> LIEBE Annette * GOV <<a href="mailto:Annette.LIEBE@oregon.gov">Annette.LIEBE@oregon.gov</a>><br>
<b>Subject:</b> NEWS RELEASE // Business Oregon Announces Second Round of Commercial Rent Relief Grants t<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-line-height-alt:.75pt"><span style="font-size:1.0pt;font-family:"Helvetica Neue",serif;color:white">On April 22, Business Oregon will open the second round of a program to provide grants to building owners to cover outstanding
lease payments from small business tenants that are behind on rent due to COVID-19. The grants can go up to $100,000 per each business tenant, but not more than $3 million for each landlord.
<o:p></o:p></span></p>
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<span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><a href="https://development.oregon4biz.com/acton/ct/14786/s-04c6-2104/Bct/q-007c/l-0007:bac/ct0_0/1/m?sid=TV2%3AJPipn1RSy"><span style="color:#006699">View this message</span></a> in
a browser window.<o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:0%"><span style="font-size:1.0pt;font-family:"Helvetica Neue",serif;color:black"><a href="https://development.oregon4biz.com/acton/ct/14786/s-04c6-2104/Bct/q-007c/l-0007:bac/ct1_0/1/l?sid=TV2%3AJPipn1RSy" target="_blank"><span style="text-decoration:none"><img border="0" id="r-1716880" src="http://development.oregon4biz.com/cdnr/forpci84/acton/cx/39c2/logo73.jpg" alt="Business Oregon logo"></span></a><o:p></o:p></span></p>
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<a name="B1440606249367"></a><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black">FOR IMMEDIATE RELEASE<br>
April 15, 2021<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-top:12.0pt;line-height:150%"><a name="B1441820668325"></a><strong><span style="font-size:17.0pt;line-height:150%;font-family:"Roboto Slab";color:black">Business Oregon Announces Second Round of Commercial Rent Relief Grants
to Help Small Businesses Cover Outstanding Lease Payments</span></strong><span style="font-size:18.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:9.0pt;line-height:150%;font-family:"Roboto Slab";color:black"><br>
</span><span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">On April 22, Business Oregon will open the second round of a grant program for building owners to cover outstanding lease payments from small business tenants that
are behind on rent due to COVID-19. The grants can go up to $100,000 per each business tenant, but not more than $3 million for each landlord.
</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">There is $42 million available in this round. Round one of the program launched on March 22<sup>nd</sup>, with 2,965 applications requesting $65.4 million. Most grant applicants
from round one are receiving funding, as there was $49.9M available in round one. The funding is being allocated by region, to ensure it reaches businesses throughout the state. 2,609 grants will be awarded from the round one applicant pool, with only the
Portland Metro region seeing more demand than available funds. Those applicants not selected in round one are automatically entered into round two.</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">This program helps small business tenants that have 100 or fewer employees. Both the business tenant and property owner will need to participate in the application process
and sign the grant agreement, but the initial application needs to be completed by the landlord. The online application process is very simple, and information is available in multiple languages. In addition to Business Oregon staff, the agency has contracted
with culturally-focused organizations to help small businesses and their landlords with the process if they have questions. A list is available on the Business Oregon website.</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">There are some minor changes to round two versus round one to accommodate additional applicants. The minimum grant amount is now $500 (from $1,000), landlords can be publicly-traded
businesses, and sole proprietors do not need to register their business with the Secretary of State if they are not otherwise required to do so.
</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">The program will open for online applications Wednesday April 22 at 9am and will be open for two weeks, closing May 6. It is NOT first-come, first-served. Applications will
be chosen by a random lottery system in any geographic regions that have more applicants than available funds.
</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">This is the seventh COVID-specific program Business Oregon has implemented to help businesses navigate the impacts of the pandemic. One of those programs — the emergency small
business grant — helped about 7,400 small businesses with $43 million in grants to help offset revenue impacts from COVID-19.
</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;line-height:150%"><span style="font-size:11.0pt;line-height:150%;font-family:"Roboto Slab";color:black">More program information and eligibility details are available on
<a href="https://development.oregon4biz.com/acton/ct/14786/s-04c6-2104/Bct/q-007c/l-0007:bac/ct2_0/1/l?sid=TV2%3AJPipn1RSy">
<span style="color:#006699">Business Oregon’s website</span></a>, along with the application link on April 22.</span><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<strong><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black">Contact</span></strong><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black">:
<a href="mailto:nathan.buehler@oregon.gov"><span style="color:#006699">Nathan Buehler</span></a>, 503-689-3559.<o:p></o:p></span></p>
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<a name="B1440606673668"></a><span style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"> <o:p></o:p></span></p>
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<strong><span style="font-size:9.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black">Business Oregon,</span></strong><span style="font-size:9.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"> the state's economic development agency,
invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. The agency's services span rural community development and infrastructure financing; business retention, expansion and recruitment; export
promotion and international trade; investments in industry research and development and entrepreneurship; small business assistance; and support for arts and cultural organizations. Learn more at
<a href="https://development.oregon4biz.com/acton/ct/14786/s-04c6-2104/Bct/q-007c/l-0007:bac/ct1_1/1/l?sid=TV2%3AJPipn1RSy">
<span style="color:#006699">www.oregon4biz.com</span></a><o:p></o:p></span></p>
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<span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">Copyright © 2021 Business Oregon</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">Our address is
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#006699">775 Summer St NE, Suite 200, Salem, OR 97301, USA</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black"> </span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">If you do not wish to receive future emails,
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</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">(You can also send your request to
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